DELTA PACIFIC BANK Failed 1987

What happened

DELTA PACIFIC BANK of PITTSBURG, CA was closed on 1987-10-30. The FDIC was named receiver.

Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to CENTRAL BANK (SAN FRANCISCO, CA). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

1549

FDIC Certificate

22316

FDIC FIN

2742

Bank name

DELTA PACIFIC BANK

Location

PITTSBURG, CA

Failure date

1987-10-30

FDIC resolution date

1987-10-30

Charter type

State commercial bank, non-Federal Reserve member (FDIC-supervised)

Resolution type

Purchase & Assumption — acquiring bank assumed deposits + bought assets

FDIC DIF cost (est.)

$1M

Deposits at failure

$17M

Assets at failure

$18M

Acquiring bank

CENTRAL BANK (SAN FRANCISCO, CA)

Other banks CENTRAL BANK acquired in FDIC resolutions

• THE RIVERBANK (WYOMING, MN) — failed 2011-10-07
• ROSEMOUNT NATIONAL BANK (ROSEMOUNT, MN) — failed 2011-04-15
• COMMERCE BANK OF SOUTHWEST FLORIDA (FORT MYERS, FL) — failed 2009-11-20
• RIVERVIEW COMMUNITY BANK (OSTEGO, MN) — failed 2009-10-23
• JENNINGS STATE BANK (SPRING GROVE, MN) — failed 2009-10-02
• MAINSTREET BANK (FOREST LAKE, MN) — failed 2009-08-28
• NATIONAL INDUSTRIAL BANK OF CONNECTICUT (MERIDEN, CT) — failed 1989-11-09
• AMERICAN CITY BANK (LOS ANGLES, CA) — failed 1983-02-25